“Premiumization” for higher profits
And if you don’t hit the METAR link above, you can go directly to the archived version here:
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Lemonade $500 per glass.
This has been going on forever.
In the case of commodity products, all should be equivalent and interchangeable. The supplier who can deliver cheapest should get the order. The lowest cost producer should set prices.
Suppliers constantly try to convince us theirs is better than the commodity and worth paying more for. Some are clever enough to succeed. Or sometimes consumers are dumb enough to fall for the sales pitch!!
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